Cannabis stocks have slumped – is a turn around coming?
North American cannabis companies, mainly in the United States and Canada, are having another rough earnings season. Missed expectations for both Canada’s Canopy Growth and Aurora Cannabis caused both stocks to tumble.
This is the time where the financially fit cannabis companies will survive:
“There needed to be a cleansing process of companies that are real and not real,” Matt Hawkins, managing partner of private equity fund Entourage Effect Capital, said in an interview with CNN Business.”https://www.cnn.com/2019/11/15/business/cannabis-industry-evolution/index.html
Read more on Cnn.com.
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